Leading journalist speaks out against RBS’s “environmental vandalism”
Ian Fraser is an award-winning and financially-savvy journalist who has reported on the economic turmoil in The Sunday Times, Financial Times, BBC News, Daily Mail, Mail on Sunday, Independent on Sunday, the Herald and the Sunday Herald.
In a post on his personal blog Fraser writes eloquently and insightfully about the destruction caused by RBS and highlights the bank’s lies it has been using to try to hide its involvement in scandalous and destructive fossil fuel projects around the globe.
Specifically, Fraser links to the US-based charity Rainforest Action Network that has shown that “of the $15 billion of funding provided by RBS to the energy sector since its October 2008 bailout, only $83m went to alternative energy – that’s less than one per cent.“
Fraser also blogs that while some people “resent the climate camp, dismissing the protestors as a bunch of misdirected middle-class students and wastrels with too much time on their hands [...]Much of this knitpicking misses the bigger picture.”
We think so too and Fraser goes on to tell those who aren’t Climate Camp supporters why. He writes:
“I admire the climate campers for having the balls to challenge the (almost certainly unsustainable) economic and environmental status quo – and believe they have picked a good target in RBS. As well as becoming the world’s biggest purveyor of subprime-infected timebombs (CDOs etc) under chief executive Sir Fred Goodwin, the bank also became the world’s leading funders of fossil fuels and carbon-intensive industries including Albertan tar sands.”
Good on yer Ian. Hopefully see you down at Gogarburn tomorrow for the mass action.